A correlation coefficient is a measure of the power and path of a linear relationship between two variables. It will possibly vary from -1 to 1, with a worth of 0 indicating no correlation, a worth of 1 indicating an ideal optimistic correlation, and a worth of -1 indicating an ideal damaging correlation.
The correlation coefficient can be utilized to find out whether or not there’s a statistically vital relationship between two variables. A statistically vital relationship signifies that the connection is unlikely to have occurred by probability.
